The primary driver of the 2017 market was a severe imbalance between high demand and critically low inventory. Fueling this demand was a booming local economy anchored by tech giants like Amazon and Microsoft. As high-tech workers sought alternatives to the even pricier Silicon Valley, Seattle became a magnet for talent, leading to a population surge of approximately 57 new residents per day. Escalating Prices and Competitive Tactics
: The median sales price for single-family homes in Seattle hit approximately $725,000 by the end of 2017, a 14.4% jump from the previous year. buying a house in seattle 2017
: Inventory was so tight that some mid-price ranges had only 15 days of supply. This forced buyers to act with extreme speed, often losing multiple bids before securing a home. The primary driver of the 2017 market was